To receive contributions by means of donations, gifts, and bequests and to expend such funds for the advancement of the literary, scientific, and other educational endeavors of Midwestern State University, a tax exempt institution of higher learning.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$79.9M
+12.1% YoY
Annual Giving
$2.8M
+18.2% YoY
Grant Count
2
+0.0% YoY
Avg Grant Size
$1.4M
+18.2% YoY
About Midwestern State University Foundation
Based on IRS filings
Midwestern State University Foundation is a nonprofit organization focused on Education, based in WICHITA FALLS, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $79.9M in total assets. In 2024, it awarded 2 grants totaling $2.8M. Net investment income was $5.2M.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $79,935,439 | $71,288,656 | $64,205,017 |
| Revenue | $6,113,167 | $6,650,686 | $4,712,410 |
| Expenses | $3,593,533 | $2,977,854 | $1,883,229 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $5,192,943 | $2,962,910 | $3,728,325 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
10 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Kevin O'Connell | Chairman | 2 | — |
| Anthony Inman | Vice Chairman | 1 | — |
| David Welch | Treasurer | 1 | — |
| Teresa Caves | Secretary | 1 | — |
| Darrell Coleman | Trustee | 1 | — |
| Reno Gustafson | Trustee | 1 | — |
| Mac Cannedy Jr | Trustee | 1 | — |
| Erwin Davenport | Trustee | 1 | — |
| Kay Yeager | Trustee | 1 | — |
| Martha Fain | Trustee | 1 | — |
| Butch Ford | Trustee | 1 | — |
| Brian Hooker | Trustee | 1 | — |
| Tyrone Moore | Trustee | 1 | — |
| Tyler Sales | Trustee | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
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Similar funders by location and focus area
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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